‘Turkey Investment Week II’ begins in the US

Dünya- The second Turkey Investment Week, a series of activities to foster business and investment ties between Turkey and the US, started in Los Angeles on Saturday. Led by Turkey’s Deputy Prime Minister, Ali Babacan, and the head of The Union of Chambers and Commodity Exchanges of Turkey (TOBB), Rifat Hisarciklioglu, a high-level delegation of government officials and businesspeople from Turkey are holding talks with major US companies and business associations in the in the week-long program taking place in Los Angeles, San Francisco, Seattle and Chicago between 19-26 October.

With the aim of presenting Turkey’ s investment opportunities to US business circles and further developing bilateral business and trade, the program includes meetings with major multinationals including General Electric, Microsoft, Intel and Cisco, as well as with various business associations in the US.

During the Chicago leg of the program, the Investment Support and Promotion Agency of Turkey (ISPAT) will stage a roundtable with representatives of leading American financial institutions.

At USD 20 billion in 2012 figures, Turkish-US trade has increased more than threefold over the last 10 years. Having invested USD 8.4 billion in Turkey, the US is the third-largest investor in Turkey’s steadily growing economy. There are over 1,300 US companies active in Turkey.

Image of Ali Babacan
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